U.S. 'Royalty' Company Acquires Additional Shares Worth 2 Trillion Won

On May 5, 6 and 20 filings with the U.S. Securities and Exchange Commission show that Horizon Kinetics Asset Management LLC—already a shareholder owning more than 10% of Texas Pacific Land Corp (TPL)—has continued to acquire TPL common shares in the open market. After these transactions, HKAM’s direct holdings stand at roughly 3.39–3.43 million shares, valued at about $1.48 billion (approximately KRW 1.9 trillion) as of the May 5 filing and $1.42 billion (approximately KRW 1.8 trillion) as of the May 6 filing. The May 20 filing reports an additional purchase totaling about $790,000 (roughly KRW 1 billion) at an average price of $395.93 per share. In its most recent amended Schedule 13D, HKAM discloses beneficial ownership of approximately 10.10 million TPL shares across all its accounts. (Source: sec.gov)

Separately, in its May 7 amendment to Schedule 13D/A, HKAM reconfirms its status as a major shareholder with roughly 10.05–10.10 million TPL common shares, representing a mid-14% stake. In its Form 10-K for the fiscal year ending 2025, filed February 18, Texas Pacific Land Corp states that it operates two primary business segments—land and resource management, and water services and operations—providing oil and gas royalties and water infrastructure services across the U.S. Permian Basin. (Source: stocktitan.net)

Texas Pacific Land Corp is a leading U.S. oil-royalty and water-infrastructure company with approximately 880,000 acres of land and mineral rights in Texas. Its principal revenues derive from royalties tied to oil and gas production and from water-related services. Horizon Kinetics Asset Management LLC, based in New York, is an institutional investor that has long been among TPL’s largest shareholders, as evidenced by its recurring Schedule 13D filings. (Source: en.wikipedia.org)